Animoca Brands collaborates with Standard Chartered Bank and Hong Kong Telecom to establish a joint venture to issue stablecoins in Hong Kong.

The name of the joint venture is Anchorpoint Financial Limited, with the goal of building a business model focused on issuing and developing licensed stablecoins. Anchorpoint will apply for a license to issue stablecoins according to the new regulations effective from August 2025.

MAIN CONTENT

  • Anchorpoint Financial Limited is a joint venture between Animoca Brands, Standard Chartered Bank (Hong Kong), and Hong Kong Telecom.

  • This joint venture is oriented towards developing a business model for licensed stablecoins.

  • Anchorpoint will register for a license to issue stablecoins with the Hong Kong Monetary Authority according to the Stablecoin Ordinance effective from August 1, 2025.

How was the joint venture Anchorpoint Financial Limited established?

Animoca Brands, together with Standard Chartered Bank (Hong Kong) and Hong Kong Telecom, has officially established Anchorpoint Financial Limited in Hong Kong. The three parties collaborate to leverage each partner's strengths to develop stablecoin products under strict local government management.

The establishment of this joint venture marks an important step in the cooperation between a leading cryptocurrency development company, an international bank, and a major telecommunications group. They expect to create a solid and secure financial infrastructure for the operation of licensed stablecoins.

How will Anchorpoint Financial Limited operate in the stablecoin sector?

Anchorpoint aims to build a business model focused on issuing and promoting officially licensed stablecoins, complying with Hong Kong law. This ensures legality and high reliability for users and partners.

The joint venture will combine technology, banking, and telecommunications capabilities to provide an integrated stablecoin ecosystem, supporting fast and transparent payments and transactions. Its location in Hong Kong also opens up opportunities to access a dynamic international financial market.

When will Anchorpoint Financial Limited apply for a license to issue stablecoins?

Anchorpoint has officially expressed its intention to apply for a license to issue stablecoins to the Hong Kong Monetary Authority. The expected time to apply for the license is after the Stablecoin Ordinance comes into effect on August 1, 2025.

This indicates that the joint venture strictly complies with the upcoming legal framework, creating a foundation for sustainable long-term development. The license will allow Anchorpoint to issue transparent stablecoins, ensuring financial safety and protecting user rights.

"Establishing Anchorpoint is a strategic step to develop legal stablecoins in the region, promoting safer and more convenient digital payments."
Quoted by Animoca Brands leadership, 08/2023

Frequently Asked Questions

What is Anchorpoint Financial Limited?

This is a joint venture in Hong Kong between Animoca Brands, Standard Chartered Bank, and Hong Kong Telecom aimed at developing licensed stablecoins.

What does the joint venture want to do with stablecoins?

Anchorpoint focuses on building a business model for issuing and developing legally licensed stablecoins.

When is the licensing time for stablecoins in Hong Kong?

The Stablecoin Ordinance will come into effect on August 1, 2025, from which point Anchorpoint will apply for a license to issue stablecoins.

What role does the joint venture play in the cryptocurrency industry?

Anchorpoint contributes to promoting the issuance of safe, transparent stablecoins in compliance with Hong Kong financial regulations.

Who are the participants in the joint venture?

Animoca Brands, Standard Chartered Bank (Hong Kong), and Hong Kong Telecom have joined together to establish Anchorpoint Financial Limited.

Source: https://tintucbitcoin.com/anchorpoint-xin-cap-phep-stablecoin-hk/

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